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- Iran’s Oil Minister Bijan Namdar Zanganeh: the Organization of Petroleum Exporting Countries (OPEC) should allow Iran to raise its crude output within the OPEC’s ceiling
Iran’s Oil Minister Bijan Namdar Zanganeh: the Organization of Petroleum Exporting Countries (OPEC) should allow Iran to raise its crude output within the OPEC’s ceiling
Iran's Oil Minister Bijan Namdar Zanganeh said on Saturday that the Organization of Petroleum Exporting Countries (OPEC) should allow Iran to raise its crude output within the OPEC's ceiling. Iran plans to add 1 million barrels a day within five to six months.
Zanganeh noted that the OPEC will unlikely change its oil output limit at its next meeting in December.
"I don't expect to receive any new agreement. OPEC is producing more than its approved ceiling and I asked them to reduce production and to respect the ceiling, but it doesn't mean we won't produce more because it is our right to return to the market," he said.
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